Maxim Resources Inc. V.MXM

RE:RE:REAL DOG

[leverage1971]

Scruff can't correct you as you are correct.

"Lock-in Requirement.

Where a company’s main business activity has not been independent and earning revenues for at least two years, all the company’s directors, any shareholders who hold more than 10 percent of the company’s shares and employees holding more than 0.5% must agree not to dispose of any of their interests in the securities for one year from the date of admission."

Not an insider just know how to use Google!

The notion that they are allowing this to fall to finance at 5 cents... well it is
someone's opinion but in my opinion it flies in the face of what has happened
behind the scenes since Oct 10 and or Dec 1st with Art Brown's last insider purchase at 15 cents.
Part of AIM listing as it was proposed in October was the required disclosure of all relevant materials pertaining to Morocco... Chapman did the initial 51-01
in January. Secondly once the application has been received all shares held by directors, insiders (over 10%) are locked in, employees holding more than 1/2 percent locked in as well. Thirdly there are capital requirements involved... the company must be able to prove that they have sufficient funds to operate for a 12 month period from the time of admission. I didn't understand at the time why they conducted a financing for 12.5 cents and only raised 600k (By the way the warrants on that one were for 18 cents). My guess therefore is they filed the application in early December and the first quarter became impossible because of the deal HOA they were working on to conduct business in Dubai.

Since then we have a new HOA in Dubai with a private investment company and so we have a new set of players and disclosures for the AIM listing.
MXM's broker (Angel) also acts as the company's NOMAD for the admission process... do you really think they have advised the company that a sound strategy going forward is to add 20 million more shares to the float in order to raise a million dollars? will they be drilling in swimming pools because that is about how far down you could drill with that kind of money.

Listen I get it... I am approaching my 22 month as a speculator on MXM and have been disappointed by the failure to communicate and get things done according to timelines set out, but if we "pumpers" need a reality check I think the same goes for those that believe that all of this work has been done for insiders to screw the rest of us. If you really are interested in being honest in your assessment then please explain how it benefits "them" to dilute the float by 50 or even 100% in order to purchase cheap stock which will have a 4 month hold compounded by the fact that everything else you own is locked in for at least another 6-8 months. If I am missing something do tell.

Lev